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July 24, 2021
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K4.5 billion in development funds issued, says Finance Minister

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Two Government departments, Finance and Implementation and Rural Development will be working in close consultation for compliance and monitoring of funds intended for government projects.

Minister responsible, James Marape said in the last five years, approximately K4.5billion was distributed through the DSIP and PSIP funds for development purposes.

He said there should at least be gradual changes and developments in provinces and districts throughout the country, considering some of them need more funding support due to their remoteness.

The Public Finance Management Act will act as the compass for all leaders in the political bureaucrats, and government departments.

Minister Marape speaking at the official opening of the 2018 Fiscal year today said work is underway to establish a check and balance on all public funds.

Although service improvement funds have been allocated in the last five years, there’s no real development in many parts of the country.

While some districts require more financial assistance because of their remoteness, a database to keep track of all development under the PSIP and DSIP will be developed.

Marape also made his intention known to have the finance of DSIP and PSIP, transferred to the Implementation and Rural Development Department.

Minister Marape proposed one percent of the total DSIP should be distributed for monitoring and compliance purposes by the Implementation and Rural Development Department with Finance.

Following these announcements, Minister will meet with staff of the Implementation and Rural Development Department on how best the two lead government agencies will facilitate and implement PSIP and DSIP at the provincial and district.

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